Funding arb · Price arb /

HIMS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Gate+0.037%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.037% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HIMS_USDT	29.094	0	get 0.0000% / 8h	16m 16s	$504K	$204K	25x
Short	Variational Omni HIMS	29.105	0	get 0.0000% / 8h	16m 16s	$97K	$76K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee Variational OmnibpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → 0.000%: $3.75
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$11.25
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 20 min ago; Variational Omni: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 20 min ago	8.42 bp	259.0 bp −$259	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

HIMS on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado HIMS-PERP	−0.0028%	1h	29.109	+0.051%	$2K	$2K	10x	as long as short
Aster HIMSUSDT	0.0000%	8h	29.099	+0.018%	$4K	$2K	20x	as long as short
Binance HIMSUSDT	0.0000%	8h	29.105	+0.037%	$962K	$2.7M	20x	as long as short
Bybit HIMSUSDT	0.0000%	8h	29.110	+0.055%	$290K	$136K	25x	as long as short
OKX HIMS-USDT-SWAP	0.0000%	8h	29.140	+0.158%	$281K	$130K	20x	as long as short
Gate HIMS_USDTlong	0.0000%	8h	29.094	long leg	$504K	$204K	25x
Variational Omni HIMSshort	0.0000%	8h	29.105	+0.037%	$97K	$76K	—
SunX HIMS-USDT	0.0000%	8h	29.110	+0.055%	—	$2.4M	10x	as long as short
HTX HIMS-USDT	0.0000%	8h	29.074	−0.069%	$7K	$39K	10x	as long as short
QFEX HIMS-USD	+0.0013%	1h	29.100	+0.021%	$1.3M	$552K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest HIMS-USD-PERP	+0.0046%	1h	29.100	+0.021%	—	—	10x	as long as short
tradeXYZ xyz:HIMS	+0.0050%	1h	29.106	+0.041%	$3.4M	$1.6M	10x	as long as short
KuCoin HIMSUSDTM	+0.0100%	8h	29.100	+0.021%	$136K	$59K	20x	as long as short
Injective HIMS/USDC PERP	+0.0220%	1h	29.410	+1.086%	$13K	$22K	5.5x	as long as short